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Compensation 1 Duality 1 Group majorize 1 Invariance structures 1 Matrix groups 1
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Hennessy, David 1 Lapan, Harvey 1
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Economic Theory 1
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An algebraic theory of multi-product decisions
Hennessy, David; Lapan, Harvey - In: Economic Theory 25 (2005) 4, pp. 819-829
We exploit the existence of matrix group symmetries on a production possibility set to identify group symmetries on the profit function. The groups are isomorphic, and provide a pre-ordering on firm preferences over prices. Together with additional structure on the technology, symmetries...
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